Yonkers' average annual car insurance cost is $2,588, which is $845 lower than the New York state average. Two companies, Allstate and Erie, are the cheapest insurers in this city, with average rates of $1,373 per year. MoneyGeek assessed and rated the most affordable insurers based on the coverage level and driver profile. MoneyGeek also ranked the best insurance companies to help those focusing on both quality and cost find a policy that fits their needs.
Compare the Cheapest Car Insurance Quotes in Yonkers, NY
The Cheapest and Best Car Insurance in Yonkers
The Cheapest Car Insurance Companies in Yonkers
For a full coverage insurance policy, the following two companies offer the same low average rate:
- Allstate: $1,373 per year
- Erie: $1,373 per year
MoneyGeek used a sample driver profile for this study. For this scenario, MoneyGeek got quotes for a 40-year-old male with a full coverage policy, including liability insurance and comprehensive and collision coverage.
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Average Cost of Car Insurance in Yonkers
Yonkers’ average car insurance rate is much higher than the national average and somewhat lower than the average state annual premium. Typically, a Yonkers driver pays $2,588 per year, which is 81.7% higher than the $1,424 average annual premium in the United States. However, that rate is 24.6% less than the New York state average of $3,433.
The Best Car Insurance Companies in Yonkers
MoneyGeek ranked the best insurers in Yonkers to help drivers find quality service at affordable rates. Based on MoneyGeek’s scoring system, the best car insurance companies in Yonkers for most drivers are:
- Travelers: MoneyGeek score of 90 out of 100
- State Farm: MoneyGeek score of 88 out of 100
USAA received the highest score in Yonkers by MoneyGeek's rating system. However, because USAA is only available to military members, veterans and their families, it is not listed as best overall.
The scores were calculated out of 100 based on several criteria, including J.D. Power’s ratings for affordability, financial stability and user satisfaction.
Personalized Quotes to Get You the Cheapest Car Insurance in Yonkers
Car insurance companies in Yonkers consider many variables to evaluate a driver’s risks and come up with appropriate quotes. These may include a driver’s age, driving record, credit score, vehicle type, miles driven per year and marital status. Compare car insurance quotes to find out if you are qualified for savings, incentives and rewards.
Shopping around for car insurance in Yonkers could save you $1,215, which is enough to buy:
Cheapest Car Insurance in Yonkers by Coverage Amount
One of the most important factors that affect insurance rates (in Yonkers and elsewhere) is the amount of coverage you purchase. An insurance policy meeting the state minimum requirements costs an average of $1,632 yearly. In contrast, a full coverage policy with higher liability limits costs around $2,588 per year. That is a difference of around $955.
New York Minimum Liability Requirements
- Bodily Injury and Property Damage$25,000 per person, $50,000 per accident and $10,000 for property damage. A more protective level is 100/300/100.
- Uninsured Motorist$25,000 per person and $50,000 per incident. The minimum coverage may not be enough if you're in a serious accident.
- Personal Injury Protection$50,000 per person.
- Other$50,000 liability for death per person. $100,000 liability for death per accident.
Finding cheap car insurance is important, but you should also consider the coverage level. Car insurance quotes in Yonkers reflect a policy’s limitations and level of coverage. For some Yonkers residents, getting the state’s minimum liability coverage may be enough. Those who want additional protection can choose a 50/100/50 liability-only or full-coverage policy, which allows a driver to claim up to $50,000 for bodily injuries per person, $100,000 per accident and $50,000 for property damage. If the difference between these options is nominal, it may be worth the expense to get full coverage.
The cheapest option for state minimum liability is from Allstate at roughly $768 per year. The company’s average annual premium for 50/100/50 liability-only is $839, while full coverage at 50/100/50 levels costs around $1,278.
Average Car Insurance Premiums: Liability-Only vs. Full Coverage
- CompanyState Minimumper year50 / 100 / 50per year
- Company50 / 100 / 50per year100 / 300 / 100per year
Cheapest Car Insurance in Yonkers if You Have Driving Violations
Having a clean driving record will help you get cheap car insurance in Yonkers. For example, a driver with no violations can get an auto insurance policy from Allstate with an average annual premium of $1,373. A speeding ticket will increase that rate by about $312. Meanwhile, a DUI adds an average of $551.
- CompanySpeeding Ticketper yearAt-Fault Accidentper yearDUIper year
Average Cost of Car Insurance by Postal Code
Average car insurance rates in Yonkers are also affected by theft rates, accident rates and uninsured motorists, which can all vary by neighborhood. For instance, the average annual premium in ZIP code 10701 is $2,579, which is $18 cheaper than typical premiums in the 10705 area.
- Zip CodeState Minimumper year
Factors That Impact Insurance Costs in Yonkers
In addition to individual driver needs and history, location-specific factors like personal injury protection coverage requirements and the rate of car thefts also contribute to car insurance rates in Yonkers. How Yonkers ranks compared to the 300 most populous cities in the United States can have a significant impact on premium costs.
Methodology and Assumptions
MoneyGeek’s average premium rates for Yonkers are based on 100/300/100 comprehensive collision coverage with a $1,000 deductible for a 40-year-old male driver. The average driver profiled drives a 2010 Toyota Camry LE and has no tickets or accidents on their record. Additional premiums are added based on coverage type, location and driving record. Learn more about MoneyGeek’s data and methodology here.
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